latest news releases from the newsroom
Roma Financial Corporation
Roma Financial Corporation Announces Third Quarter 2008 Earnings
ROBBINSVILLE, N.J., Nov. 7, 2008 (GLOBE NEWSWIRE) -- Roma Financial Corporation (Nasdaq:ROMA) (the "Company"), the holding company of Roma Bank, announced today its results of operation for the three and nine months ended September 30, 2008. The Company's consolidated net income for the three and nine months ended September 30, 2008 was $1.0 million and $3.4 million, respectively. Earnings per share were $.03 and $.11 for the same periods of time.
Pharmacopeia to Request a Hearing With NASDAQ Following Receipt of Notice of Non-Compliance
PRINCETON, N.J., Nov. 7, 2008 (GLOBE NEWSWIRE) -- Pharmacopeia (Nasdaq:PCOP) today announced that it intends to request a hearing before a NASDAQ Listing Qualifications Panel ("Panel") to present a plan to regain compliance with NASDAQ Marketplace Rule 4450(b)(1)(A), which requires a minimum market value of listed securities of $50 million. On November 4, 2008, as expected, Pharmacopeia received a notice of non-compliance from the NASDAQ Staff indicating that the Company had not regained compliance with this rule and that the Company's common stock was subject to delisting unless the Company requests a hearing before a Panel. Pharmacopeia intends to request a hearing, which will automatically stay the delisting of the Company's common stock pending the issuance of the Panel's decision after the hearing. The Company plans to exercise diligent efforts to maintain the listing of its common stock on NASDAQ, but there is no assurance that it will be successful in doing so.
First Peoples Bank
FPB Bancorp, Inc. Reports Third Quarter Results
PORT ST. LUCIE, Fla., Nov. 7, 2008 (GLOBE NEWSWIRE) -- FPB Bancorp, Inc. (Nasdaq:FPBI), a Florida bank holding company whose subsidiary is First Peoples Bank, announced today third quarter net losses of $643,000 or ($.31) per basic and diluted share, compared to net earnings of $32,000 or $.02 per basic and diluted share for the third quarter of 2007. Year-to-date net loss is $1.3 million or ($.64) per basic and diluted share, compared to net earnings for the same period in 2007 of $155,000 or $.08 per basic and diluted share. Total consolidated assets at September 30, 2008 were $231.3 million, as compared to $196.8 million at December 31, 2007, an increase of 18%.
AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc. Announces Quarterly Dividend
NEW YORK, Nov. 7, 2008 (GLOBE NEWSWIRE) -- AmTrust Financial Services, Inc. (Nasdaq:AFSI) today announced that its Board of Directors approved a quarterly cash dividend of $0.05 per share of common stock. The dividend is payable on January 15, 2009 to shareholders of record as of January 1, 2009.
Levi & Korsinsky, LLP
Levi & Korsinsky, LLP Investigates Breach of Fiduciary Duty by the Board of LandAmerica Financial Group Inc.
NEW YORK, Nov. 7, 2008 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of LandAmerica Financial Group, Inc. ("LandAmerica" or the Company") (NYSE:LFG) arising out of their attempt to sell the Company to Fidelity National Financial Inc. Under the terms of the agreement, LandAmerica shareholders will receive 0.993 shares of Fidelity National stock for each share of LandAmerica they own. Based on the November 6, 2008 closing price of Fidelity National stock, the value LandAmerica shareholders are to receive is approximately $8.29 per share, placing the value of the deal at approximately $128.4 million. The price is unfair, given LandAmerica's share price closed as high as $24.52 as recently as October 1, 2008 and the Company has a book value of over $71 per share. The proposed acquisition is subject to customary conditions and regulatory approvals.
Berkshire Hills Bancorp, Inc.
Berkshire Hills to Present At Sandler O'Neill 2008 East Coast Financial Services Conference
PITTSFIELD, Mass., Nov. 7, 2008 (GLOBE NEWSWIRE) -- Berkshire Hills Bancorp (Nasdaq:BHLB) will participate in the 2008 East Coast Financial Services Conference hosted by Sandler O'Neill + Partners. Michael P. Daly, President and Chief Executive Officer, is scheduled to give a presentation on November 13, 2008 at 11:30 a.m. (Eastern) that will highlight developments at Berkshire Bank, America's Most Exciting Bank(sm). Kevin P. Riley, EVP and Chief Financial Officer, will participate with Mr. Daly at the conference.
Bucyrus International, Inc.
Bucyrus to Present At Robert W. Baird & Co. Conference
SOUTH MILWAUKEE, Wis., Nov. 7, 2008 (GLOBE NEWSWIRE) -- Bucyrus International, Inc. (Nasdaq:BUCY) announced today that it will participate in Baird's 2008 Industrial Conference in Chicago on November 12, 2008. Timothy Sullivan, President and CEO, will make a formal presentation about Bucyrus at 2:55 p.m. Eastern Time (1:55 p.m. Central Time).
Houston Wire & Cable Company
Houston Wire & Cable Company Announces Fourth Quarter Dividend
HOUSTON, Nov. 7, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of Houston Wire & Cable Company (Nasdaq:HWCC) today announced a cash dividend of $0.085 per share on the Common Stock, payable November 28, 2008, to shareholders of record of Common Stock at the close of business on November 15, 2008.